Member Info for Fukurokuju79

Yes, you're doing a great job avoiding those stocks by not investing and yet posting on those very same stock bulletin boards.

Nice one.

P.s. news flash... just because the price went to 8p doesn't mean those here paid 8p.

What explorers are you invested in? Let us know and we'll keep an eye on them for you..

Should have proof read that;you get the drift.

Bumi = already a total mess.

NvS = Stuck in the middle

Rosan Roeslani = fingers significantly in the till.

Bitter divorce = NvS ousted for new beginnings. Obviously couldn't continue in the role when he had been piggy in the middle.

The end (but not for Mr Groundhog).

Back to ARCM..

See you when the ship turns. Well probably not all of you. A fair few will be low profile then.

Atb

Pointless listening to them. Same nonsense, different day.

Donkey is stuck in a bumi hangover meets groundhog Day experience.

NvS was put in charge at the company between one of the Rothschild lot and the Bakrie brothers. Who were at logger heads. Hostile takeover attempts etc and NvS was put in charge, much to the dislike of Rothschild.

Similar to this bulletin board the arguments continued after NvS joined and it was like a playground of activity. After about 6 months in it transpired the ex-head of its Berau business, Rosan Roeslani had been (allegedly) dipping his money into the coffers. Agreed to pay the money back but said it wasn't his fault.

More shinanigans occured and NvS after a divorce settlement between to two camps.

Yawn. I imagine some of the posters now here lost a shed ton on the mess NvS inherited and I'm sure am glad he managed he found his was here as he strategically got us into these assets and struck a deal with AA.

Has he delivered on timescales. Hell no. Has he delivered strategically since ortac. Hell yes.

The share price and the story aren't the same. Otherwise the market would be a fair judge of value and no one would ever have any opportunities.

At the end of the day, the people that post doom here probably feel justified, but it's their lives to waste. Just like they lost their capital or minds.

Much easier to wait and see in a year or so.

Atb

Agree Layla.

🥱 ad nauseum....

Change the record people. It's like being stuck on hold at a call centre.

I'm assuming most of you lost a load on something bumi related and can't move forward.

While I have empathy for you all, for whatever reasons you choose to do what you do, I can't see how behaving as you do on here will help you in any way.

It adds no valuable meaning to your lives, or ours. It makes no difference to whatever the eventual outcome will be for current shareholders.

If those invested here see value and see a case to invest, let it be. You'd think.

Atb

Largely agree with your analysis legal.

Will decide what I do in the coming few months. No point rash selling now. I'll sit and see.

Atb

Yes barkerman.

We were last and was a bit of a wait but apparently they will be editing and releasing 5 videos today. A sepyone for each of the 4 participants of the respective companies and a fifth of the entire conference with all four. Should be available later today..

Not sure what platforms.

Atb

No worries. Have a good day.

Atb

Bozi,

Strategy argument aside, as I understand why you have your view and which you're clearly more than entitled to have as an independent shareholder and investor.

I'm not following your maths on the discount argument though. You seem to have your calls based off the price gap between current offer around .65p and the 1p strike price, rather than working on %.

If the offer is 0.65p and the strike is 1p then the current market is at just over 53% discount. As in you'd pay 53% higher than the current market price if you paid 1p a share. Higher in the preceding days, before the small % rise in price today.

If as you say he was talking about the 1.8p (he wasn't as it was regarding the PB financing), you say then that would be a 65% discount but that would actually be 276% above the current market price. Obviously discounting 100% of the price paid (0.65p) it would mean buying a share would be 1.15p more, or 176% on top of the current market price.

I'm yet to decide what I do here, but I do agree with Legal in that I believe the PB tranche 2 is on and I see little point selling below their strike price. Irrespective of if I then decide to hold longer term or not.

If I do decide to sell it will simply be because of the strategic change in direction in terms of the jurisdictions, projects etc.

Atb

You'd think so Jeremiah.

Hold for me but if I wasn't invested already I'd be buying.

Is what it is though. Low liquidity = volatility.

Just have to continue to sit tight.

Atb

Agreed. Ultimately as shareholders we expected the highly prospective target at the KSZ to be drilled. In fact, many requested Ben do precisely that, when it was perceived he wasn't going to. No one can put the discovery into the earth. They can only find what is (or isn't) there. The KSZ has always been a high risk project with the Kalahari sand cover, no ability to use surface sampling or visual assessments.

All Ben could do was make the call to start the drill and make the call to stop the drill. He did both, and the second part very expeditiously.

Also, while dilution is never a beautiful thing for existing investors. Given the outcome on the drill, it seems it was a rather prudent risk managed approach and PB appear keen to honour it.

We've all lost capital on this at the moment, but the decisions are our own. While we must hold the management to account, we must all be objective and fair in our judgement.

ATB.

All the best metal head.

No one wanted a dud and no one wanted the dilution the financing would potentially bring.

I'd much rather be in a position from this drill to be able to reject the second raise at a penny had we been re rated after a materially significant discovery. However given the actual result from the drill, at least we've got the raise at a decent premium. Which was why Ben did the raise as a risk managed approach.

Not sure if I'll hold long term or not. Depends on the next few weeks. However I don't intend to sell immediately and certainly not below the slfinance strike price.

Atb

Not according to today's RNS. Says will finalise at previously agreed terms. So have to see.

If they wanted to buy that volume of KAV on the open market they'd pay lots more.

Dunno though. Time will tell.

Yep. Not great.

Still, it's the risk we take. Gutting. Everyone now has to evaluate if they liquidate and move on or not and when. The 1p dilution may be a blessing at supporting the shareprice a little, for new investors. Obviouslynl not ideal for the long term holders.

Atb

I anticipate loan not before azerion resolution and from what I can make out i don't believe it will cover the entire principle of any CLN.

CLN sounded nearer term. Plus doesn't look like Azerion will be in heard until at least q4. 30% chance success. Albeit the amount owed is ringfenced with a bank..

Still waiting to see how it plays out for now but it's certainly not a bad entry ATM.

F29 seems like it's already cleared through the cadastre backlog.

Now it's the MAC. The article doesn't mention that committee specifically. Not sure if they mean by end of July and that's inclusive of the MAC element.

Also, as it's cleared the cadastre and the JV are submitting paperwork, this may cont be considered part of the backlog.

Either way, ultimately it's progressing and all we can do is wait. Sounds like both JV parties are doing the necessary to get the approval and upgrades of licences from exploration to mining.

Remains a watch this space for now.

'Thanks F. Do we know how often the mines advisory committee meet up?'

No can't find anything when I looked. Sure it'll be out there somewhere.

Well there is some info in there...

'The Group has submitted three mining license applications (33402-HQ-LML, 33403-HQ-LML and 33404-HQ-

LML), over the expired exploration licenses 23004-HQ-LEL and 19906-HQ-LEL. All of the mining licence applications been approved and validated by the Mining Cadastre Department and following the submission of the subsequent requisite documentation, the Mines Advisory Committee (MAC), will meet and review the finalised LML applications prior to issuance of the Mining Licenses.'

So cadastre is done but is awaiting MAC....

Im not 100% I'm agreement with all you say but there is a lot of truth in what you say there JP.

It's really about the current drill for me. Then have to see where we are at, one way or another.

Atb